GOVD.L vs. FZROX
Compare and contrast key facts about Lyxor Core Global Government Bond (DR) UCITS ETF - Dist (GOVD.L) and Fidelity ZERO Total Market Index Fund (FZROX).
GOVD.L is a passively managed fund by Amundi that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Jun 24, 2020. FZROX is managed by Fidelity.
Performance
GOVD.L vs. FZROX - Performance Comparison
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GOVD.L vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GOVD.L Lyxor Core Global Government Bond (DR) UCITS ETF - Dist | -25.65% | 33.30% | 1.30% | -0.61% | -8.32% | -5.61% | -4.31% |
FZROX Fidelity ZERO Total Market Index Fund | -2.17% | 8.88% | 26.10% | 19.90% | -9.60% | 27.19% | 13.49% |
Different Trading Currencies
GOVD.L is traded in GBP, while FZROX is traded in USD. To make them comparable, the FZROX values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, GOVD.L achieves a -25.65% return, which is significantly lower than FZROX's -2.17% return.
GOVD.L
- 1D
- -0.32%
- 1M
- -1.62%
- YTD
- -25.65%
- 6M
- -0.70%
- 1Y
- -0.69%
- 3Y*
- -0.19%
- 5Y*
- -1.55%
- 10Y*
- —
FZROX
- 1D
- 2.68%
- 1M
- -3.76%
- YTD
- -2.17%
- 6M
- -0.08%
- 1Y
- 15.08%
- 3Y*
- 15.25%
- 5Y*
- 11.73%
- 10Y*
- —
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GOVD.L vs. FZROX - Expense Ratio Comparison
GOVD.L has a 0.09% expense ratio, which is higher than FZROX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
GOVD.L vs. FZROX — Risk / Return Rank
GOVD.L
FZROX
GOVD.L vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Core Global Government Bond (DR) UCITS ETF - Dist (GOVD.L) and Fidelity ZERO Total Market Index Fund (FZROX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| GOVD.L | FZROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.00 | 0.82 | -0.82 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.25 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.19 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.37 | -1.39 |
Martin ratioReturn relative to average drawdown | -0.03 | 5.71 | -5.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GOVD.L | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.00 | 0.82 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.72 | -0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.61 | -0.66 |
Correlation
The correlation between GOVD.L and FZROX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GOVD.L vs. FZROX - Dividend Comparison
GOVD.L's dividend yield for the trailing twelve months is around 2.68%, more than FZROX's 1.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GOVD.L Lyxor Core Global Government Bond (DR) UCITS ETF - Dist | 2.68% | 1.99% | 5.59% | 2.06% | 1.54% | 1.67% | 0.65% | 0.00% |
FZROX Fidelity ZERO Total Market Index Fund | 1.07% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% |
Drawdowns
GOVD.L vs. FZROX - Drawdown Comparison
The maximum GOVD.L drawdown since its inception was -27.60%, roughly equal to the maximum FZROX drawdown of -27.17%. Use the drawdown chart below to compare losses from any high point for GOVD.L and FZROX.
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Drawdown Indicators
| GOVD.L | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.60% | -34.96% | +7.36% |
Max Drawdown (1Y)Largest decline over 1 year | -27.60% | -12.44% | -15.16% |
Max Drawdown (5Y)Largest decline over 5 years | -27.60% | -25.12% | -2.48% |
Current DrawdownCurrent decline from peak | -26.86% | -6.16% | -20.70% |
Average DrawdownAverage peak-to-trough decline | -14.83% | -5.61% | -9.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.69% | 2.58% | +10.11% |
Volatility
GOVD.L vs. FZROX - Volatility Comparison
Lyxor Core Global Government Bond (DR) UCITS ETF - Dist (GOVD.L) has a higher volatility of 42.00% compared to Fidelity ZERO Total Market Index Fund (FZROX) at 4.70%. This indicates that GOVD.L's price experiences larger fluctuations and is considered to be riskier than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOVD.L | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 42.00% | 4.70% | +37.30% |
Volatility (6M)Calculated over the trailing 6-month period | 153.76% | 9.71% | +144.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 156.71% | 19.07% | +137.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.66% | 16.38% | +54.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.16% | 19.78% | +46.38% |